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Dillistone Group Plc Revenues Up 58%

Dillistone Group Plc Revenues Up 58%

Dillistone Group Plc, the AIM quoted supplier of recruitment software, is pleased to announce its unaudited Interim results for the six months ended 30 June 2012. Highlights from the period include:

Highlights:
&middot Revenue up 58% to &pound3.6m
- Recurring revenues up 63% to &pound2.3m
- Non-recurring revenues (including third party sales) up 51% to &pound1.3m
&middot Operating profits before exceptional items up 51% to &pound0.8m and after exceptional items up 30% to &pound0.7m
&middot Basic EPS pre-exceptional items up 42% to 3.33p and after exceptional items up 24% to 2.91p
&middot Dillistone continues to be debt free cash of &pound1.6m at 30 June 2012 (2011: &pound2.1m)
&middot Increase in subscription based sales - offering increased confidence and visibility of future
&middot Interim dividend increased by 2.9% to 1.2p per share (2011: 1.1667p) due in November
&middot Strong order book for Dillistone Systems, partly as a result of a series of larger than average contract wins

Commenting on the results, Mike Love, Non-Executive Chairman, said: "Against the difficult economic backdrop, Dillistone has produced an excellent set of interim results. The transformational acquisition of Voyager has made a strong contribution and the Group has benefited from significant synergies as a result of this strategic move.

"A strong implementation pipeline for Dillistone Systems, along with our highest ever level of recurring revenues give the Board great confidence in the future and, as a result, we are pleased to announce the increase in our interim dividend."

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